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olya-2409 [2.1K]
3 years ago
9

Lein's net income is $200,000 and its operating cash flows are $240,000. The company reports total assets of $1.6 million and $1

.8 million at the end of the prior and current year, respectively. Cash return on assets (rounded to one-tenth of a percent) is:
Business
1 answer:
yarga [219]3 years ago
6 0

Answer:

14.1%

Explanation:

Cash return on assets is the ratio of a company's operating cash flow to its average total assets. It shows how a company is generating cash flow from its assets and compares a company’s profitability with other companies.

Cash return on assets = operating cash flow / average total assets

Given that:

operating cash flows = $240,000

Average total assets = ($1.6 million + $1.8 million) / 2 = $1.7 million.

Therefore, Cash return on assets = $240000 / $1.7 million = 0.141 = 14.1%

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The process of approving the Constitution is best described as Difficult

<h3>Further explanation </h3>

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The process of approving the constitution is best described as  difficult because the ones who came up with the constitution realizes that only in exceptional circumstances should it need to be amended. The constitution is best described as difficult because it will only open the doors for more repression by government

<h3>Learn more</h3>
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<h3>Answer details</h3>

Grade:  9

Subject:  

Chapter: ratification

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The Nearside Co. just paid a dividend of $1.20 per share on its stock. The dividends are expected to grow at a constant rate of
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Answer and Explanation:

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